Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Karnataka Gramin Bank for its Panchavalli branch in Piriyapatna, Mysore, or Karnataka, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Karnataka Gramin Bank located in Piriyapatna or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0012518. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Karnataka Gramin Bank, Panchavalli, Piriyapatna
The table below shows the main details of the IFSC Code PKGB0012518 for the Karnataka Gramin Bank branch in Piriyapatna, which falls under the Mysore district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0012518 |
| Branch | Panchavalli |
| City | Piriyapatna |
| District | Mysore |
| State | Karnataka |
| Address | Near Petrol Bunk Hunsur Virajpete Road Periyapatna Taluk Mysuru District |
These details are important not only for users using online banking but also for businesses and individuals who use Karnataka Gramin Bank in Piriyapatna for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PKGB0012518 for the Panchavalli branch of Karnataka Gramin Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Karnataka Gramin Bank located in Panchavalli, Piriyapatna, Karnataka, are given a unique IFSC like PKGB0012518 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Piriyapatna.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Piriyapatna and Mysore.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Karnataka Gramin Bank in Panchavalli goes to the correct branch. This is important because Karnataka Gramin Bank has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code PKGB0012518
The format of the IFSC Code for banks, including Karnataka Gramin Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Karnataka Gramin Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Panchavalli in Piriyapatna.
For example, the IFSC Code PKGB0012518 of Karnataka Gramin Bank for the Panchavalli branch includes these elements, identifying the bank and the branch location in Piriyapatna and Karnataka accurately.
How to Find IFSC Code for Karnataka Gramin Bank?
If you are trying to find the IFSC Code PKGB0012518 of Karnataka Gramin Bank for its Panchavalli branch located in Piriyapatna, the following methods can help:
Cheque Book
The cheque books that are issued by Karnataka Gramin Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Karnataka Gramin Bank branches in Piriyapatna and Mysore, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Karnataka Gramin Bank and find the branch locator section. Search for Panchavalli or Piriyapatna to get the exact IFSC Code PKGB0012518.
Mobile Banking App
If you use Karnataka Gramin Bank's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Karnataka Gramin Bank and Piriyapatna that will provide accurate information.
How to Use IFSC Code PKGB0012518 for Online Transfers?
Once you have the IFSC Code PKGB0012518 for the Panchavalli branch of Karnataka Gramin Bank in Piriyapatna, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PKGB0012518. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Karnataka Gramin Bank IFSC Code PKGB0012518.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Karnataka Gramin Bank Panchavalli in Piriyapatna, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Karnataka Gramin Bank in Panchavalli, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Karnataka Gramin Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Piriyapatna manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is PKGB0012518.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Near Petrol Bunk Hunsur Virajpete Road Periyapatna Taluk Mysuru District located in Piriyapatna, Mysore, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.